European shares move lower in early trading

SarahTurner

LONDON (MarketWatch) -- European shares fell on Monday, with investors selling shares in airlines and hotel groups after a deadly outbreak of swine flu. Shares of travel firm TUI Travel
uk:tt
fell 8.7%, Air France
AF, -0.61%
shares dropped 7.7% and shares of hotels group Accor
AC, -0.67%
fell 4%. Still, producers of influenza vaccines rose, with GlaxoSmithKline
GSK, +1.30%
shares up 2.6% and Sanofi-Aventis
SAN, +2.30%
shares up 3.2%. Markets were paring gains made in a strong session on Friday, with the U.K. FTSE 100 index fell 1.2% to 4,106.37, the German DAX 30 index lost 1.6% to 4,597.63 and the French CAC-40 index dropped 1.7% to 3,050.97.

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